Diesel spikes 22.6 cents to nationwide average of $4.723

| Tuesday, May 27, 2008

Record-high fuel prices continue to punish truckers already struggling to pay for their fuel as diesel jumps another 22.6 cents this past week.

This puts the national average at $4.723, the U.S. Energy Information Administration reported on Monday, May 27.

The price for a gallon of diesel has gone up more than $1.906 from the same time period last year.

All nine regions are reporting increases of more than 20 cents a gallon, with the California region reporting the highest regional increase of 29 cents to put the cost for a gallon of diesel above the $5 mark – at $5.027.

The West Coast region is reporting an increase of 27.4 cents to put the average price for a gallon of diesel at $4.894, while fuel has gone up 23.4 cents in the Lower Atlantic region to put the price at $4.719 a gallon. The New England and East Coast regions both are reporting increases of 23.3 cents a gallon – costing on average $4.843 in the New England region and $4.791 in the East Coast region

Two regions, the Central Atlantic and the Gulf Coast, are both reporting increases of 23.1 cents a gallon for diesel to put the average at $4.916 in the Central Atlantic and at $4.676 in the Gulf Coast region.

The price for a gallon of diesel has gone up 21.3 cents in the Rocky Mountain region to put the average at $4.659, while the Midwest is reporting the lowest increase of all the regions – 20.8 cents – to put the average price at $4.677.

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